Germany: Rum Market 2024

Rum Market Size in Germany

The German rum market shrank to $X in 2022, declining by X% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then declined slightly in the following year.

Rum Production in Germany

In value terms, rum production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Rum Exports

Exports from Germany

In 2022, shipments abroad of rum increased by X% to X litres, rising for the second year in a row after four years of decline. Over the period under review, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X litres. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, rum exports expanded slightly to $X in 2022. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X litres), the Netherlands (X litres) and Austria (X litres) were the main destinations of rum exports from Germany, with a combined X% share of total exports. Italy, Denmark, Poland, Spain, Romania, Switzerland, France, the Czech Republic, Hungary and Croatia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rum exported from Germany were the Netherlands ($X), Austria ($X) and Belgium ($X), together comprising X% of total exports. Spain, Denmark, Italy, Croatia, the Czech Republic, Switzerland, Poland, France, Romania and Hungary lagged somewhat behind, together comprising a further X%.

Croatia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average rum export price amounted to $X per litre, shrinking by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per litre, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per litre), while the average price for exports to Hungary ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rum Imports

Imports into Germany

In 2022, overseas purchases of rum increased by X% to X litres, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X litres in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, rum imports dropped slightly to $X in 2022. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X litres), Spain (X litres) and Italy (X litres) were the main suppliers of rum imports to Germany, with a combined X% share of total imports. France, Brazil, Jamaica, Poland, Cuba, the United States and Swaziland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest rum suppliers to Germany were Spain ($X), Italy ($X) and the Netherlands ($X), with a combined X% share of total imports. France, Jamaica, Brazil, Cuba, the United States, Poland and Swaziland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average rum import price amounted to $X per litre, waning by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per litre in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per litre), while the price for Swaziland ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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